1st Commercial Credit, LLC has closed a US$2m factoring facility for a rapidly expanding pallet manufacturer in the Mid-West region. The start-up pallet firm initially secured funding from a smaller factoring company but eventually surpassed the financial limits of their original partner. This led to the exploration of new financing options, ultimately resulting in the discovery and selection of 1st Commercial Credit.
Raul Esqueda, President of 1st Commercial Credit, LLC, stated: "For more than 21 years, we have provided invoice factoring facilities to pallet manufacturers. Our new client occupies a unique niche in the market by offering specialty-sized pallets, which are not typically available from the average pallet company."
